Market Research Report
Gluten-Free Products Market by Type (Bakery Products, Pizzas & Pastas, Cereals & Snacks, Savories, and Others), Source (Oilseeds & Pulses, Rice & Corn, Dairy & Meat Products, and Other Crops), & by Region - Global Trends & Forecast to 2020
|Published by||MarketsandMarkets||Product code||307919|
|Published||Content info||187 Pages
|Gluten-Free Products Market by Type (Bakery Products, Pizzas & Pastas, Cereals & Snacks, Savories, and Others), Source (Oilseeds & Pulses, Rice & Corn, Dairy & Meat Products, and Other Crops), & by Region - Global Trends & Forecast to 2020|
|Published: September 15, 2015||Content info: 187 Pages||
Gluten-free products are categorized by type-bakery products, pizzas & pastas, cereals & snacks, and savories-which have been attaining a considerable position alongside soy-free and lactose-free products for foods with zero intolerance. The requirement for healthy food provided a significant impact for the growth of the gluten-free products market.
This report estimates the size of the global gluten-free products market in terms of volume and value. Gluten-free products have been gaining popularity for its balanced nutritional composition to maintain a healthy lifestyle and as a necessary diet for gluten-intolerant consumers. Leading companies in the gluten-free products market are continuously developing new products to serve customers with better nutritional and organoleptic quality. The gluten-free products market has been significantly gaining importance among regions where wheat and barley are consumed such as the U.S., Europe, Canada, and Australia. The health benefits of gluten-free foods have also been recognized in developing regions such as Brazil, Argentina, and Mexico. The leading players in this market are Boulder Brands (U.S.), The Hain Celestial Group, Inc. (U.S.), General Mills, Inc. (U.S.), Kellogg's Company (U.S.), and The Kraft Heinz Company (U.S.). New product developments and launches and mergers & acquisitions have been the key strategies adopted by market players for global expansion.
This report provides the current competitive scenario of gluten-free products market to take strategic decisions for companies that are engaged in the development and marketing of gluten-free products in the form of nutritional bars, beverages, and convenience foods. The report would provide analytical and qualitative requirements of food processors, food formulators & product developers, agro-commodity businesses, and food retailers & traders.
The market for gluten-free products is projected to grow at a CAGR of 10.4% from 2015 to 2020, to reach USD 7.59 billion in 2020. In 2014, North America was the largest market which was followed by the European market. The U.S. was one of the leading markets for gluten-free products in the global market in 2014. Globally, the European market is projected to be the fastest-growing market from 2015 to 2020, in terms of value. The utilization of corn, rice, quinoa, and sorghum is expected to increase in the application of soups, sauces, breads, and pizza bases.
In terms of volume and value, the bakery products segment accounted for the largest market share in 2014 due to the strong demand for gluten-free bakery products such as breads, cookies, crackers, and muffins. The cereals & snacks segment is projected to grow at the highest CAGR during the review period, both in terms of volume and value.
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